1. Project introduction

Wanchain is a distributed ledger that achieves the interconnection and interoperability between different blockchain networks. Wanchain adopts a Proof of Stake (POS) consensus mechanism for ordinary transactions and implements consensus and incentive mechanisms for cross-chain transactions. Wanchain features two types of validator nodes: PoS validator nodes and Storeman validator nodes. PoS validator nodes use a Proof-of-Stake to achieve decentralised consensus. Storeman validator nodes perform and verify cross-chain transactions.

Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. A developer can write smart contracts, build a DAPP or issue a fungible/non-fungible token on wanchain.

Through Wanchain's cross chain features, it is possible for any blockchain's assets to be connected with and circulate on Wanchain. This includes assets from public, private, as well as consortium chains.

2. Application and distribution

Token application:

WAN is the native coin of Wanchain. Both cross- and intra-chain transactions consume a certain amount of WAN. WAN is also used in security deposits for the cross-chain verification nodes.

Token distribution:

Team: 20.0%

Token Sale: 51.0%

Ecosystem Fund: 19.0%

Staking Reward: 10.0%